Over the past five years, Krungsri Finnovate has made 20 investments in startups in Thailand and other Southeast Asia countries, including 18 direct investments and two fund-of-funds investments. The Company has promoted collaboration among Krungsri's business units and 70 startups, resulting in over 120 successful project completions. Also, the Company initiated to launch a private equity fund for institutional and ultra-high net worth Investors. Recently Krungsri Finnovate has joined hands with a partner, in establishing an incubator program to enhance the potential of Thai startups ecosystem under the project name 'Krungsri UPcelerator'.
Source: Bank of Ayudhya
